RAN Responds to Morgan Stanley joining Partnership for Carbon Accounting Financials

In response to news that Morgan Stanley is joining the Partnership for Carbon Accounting Financials, Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy Senior Campaigner, said:

“Today’s move is a notable step in the right direction. Morgan Stanley joining the Partnership for Carbon Accounting Financials makes it a leader among the big U.S. banks in supporting climate impact disclosure. Civil society, investors, clients and increasingly regulators are calling for banks to account for not only the risk that climate change poses to their business, but the impact their business has on the climate. Morgan Stanley has made a significant move in becoming the first Wall Street bank to commit to measuring and disclosing the emissions from its loans and investments. This raises the bar for its U.S. peers to take similar steps on climate impact transparency. And going forward, all U.S. banks will have to match global best practice in committing to zero out their climate impact.”